300 E 40th St APT 23G, New York, NY, 10016 | 6.54% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Rental property for sale in New York at 300 E 40th St APT 23G, New York, NY, 10016 generates $3,810/mo in rent, after a $3,421/mo payment. Total monthly income is $3,810/mo. Return on cash invested sits at 6.88% in year one, and rental yield is 6.54% on a $699,000 entry. Equity gained on principal adds $4,511/yr, while 5% annual appreciation builds toward $193,121 over five years. Five-year ROI reaches 36.73% and total cumulative return in cash sums $84,458. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,810/mo property income rather than buyer’s personal income.

Condo

Built in 1967

N/A lot

$N/A/sqft

$1,669 monthly HOA

More details about the property

Newly renovated sponsor one bedroom that was converted from a studio is now available. The bright white and modern kitchen has new stainless steel appliances, sleek Italian back-splash tiles and chocolate brown tile floors. New floors throughout. The brand new bathroom features porcelain tiles, a beautiful custom vanity for extra storage. Offered for sale by the sponsor bypassing the board approval process. Current assessment for 23G is $367/mo through April 30th 2026.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10016, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	41,052 (100%)
Owner Occupied HU	8,730 (21.3%)
Renter Occupied HU	26,763 (65.2%)
Vacant Housing Units	5,559 (13.5%)
Median Home Value	$1,031,364
Average Home Value	$1,209,032